Ottauquechee Realty Advisors, LLC led by Steve MaloneBig Bob wrote:I believe that K/Powdr is not the developer of this project, but the individual who did Sunrise.liv4ski wrote:I'm talking only about the duplex buildings, not the lift and trail improvements. "Phase 2 of the Bear Mountain Revitalization features construction of 18 duplex buildings near the foot of the Devil’s Fiddle ski trail with an estimated cost of $25 million, and is expected to begin during summer 2020."Bubba wrote:Don't know that the Bear project has even filed for approval yet. Still, while the "Village" has received Act 250 approval, SP Land has to find developers before coming back to the Planning Commission for final approval. Meanwhile, the minute the Bear project gets its approvals, it can move ahead. I'd bet it gets started well before the "Village".liv4ski wrote:K's proposed Base Camp at Bear may be competing against SP Land Company, LLC's Village for prospective property buyers. http://www.livekillington.com/#intro" onclick="window.open(this.href);return false;
Is the second home market at K big enough for both projects to go forward? It will be interesting to see which project starts first. The Village real estate may be more desirable as the slopeside season is longer and it will be much closer to the bars, restaurants and retail stores that will be developed as part of the Village.
Does the Base Camp have all of is permits? I believe it was reported recently that Phase I of the Village has received all of its permits.
You think construction on the Village condos/townhomes will start after 2020? If SP Land can't find a developer by 2020 because of a weak market, it's hard to believe K (or Powder) will go forward with the duplex buildings at Bear.
The principals of Ottauquechee Realty Advisors, Steve Malone and Richard Saunders, have an extensive background in ski resort development in New England, including the Topridge project built in the early to mid-2000s, and the lodges at Killington, built around 2009. Both projects were in Killington.
Malone said the Bear Mountain project was being planned for a number of years, but American Skiing Company was unable to enter a contract because of other commitments. When Killington and Pico were sold to SP Land Company in 2007, the project was revived.
Malone said he also funded the RiverWalk Resort at Loon Mountain in Lincoln, New Hampshire.
“What we’re trying to do is improve the overall skiing experience by these mountain improvements,” he said.
One example Malone used was a bar at the base lodge that will look out at the ski trails.
Solimano said the project’s permits are not in place, but because the principals from Ottauquechee have developed other projects, including those in Killington, he said Killington Resort officials were confident they will be successful in aquiring the permits needed for the work to go forward.
The project is not expected to interfere with skiing seasons. Solimano said the next ski season will go on as normal, and construction of the first phase of the project is expected to start in spring 2018.